Amadeus IT Group (OTCMKTS:AMADY) Stock Gets Downgrade from Zacks Research

Amadeus IT Group (OTCMKTS:AMADY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday, Zacks reports.

A number of other research analysts also recently issued reports on AMADY. Deutsche Bank Aktiengesellschaft upgraded Amadeus IT Group to a “buy” rating in a research note on Wednesday, September 16th. Kepler Capital Markets cut Amadeus IT Group from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Amadeus IT Group in a report on Sunday, August 2nd. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Amadeus IT Group has a consensus rating of “Hold”.

Amadeus IT Group Stock Performance

OTCMKTS AMADY opened at $63.66 on Wednesday. The company has a fifty day moving average of $63.00 and a two-hundred day moving average of $61.04. The company has a market capitalization of $27.47 billion, a PE ratio of 18.03, a P/E/G ratio of 3.22 and a beta of 0.92. Amadeus IT Group has a 1 year low of $54.60 and a 1 year high of $79.50. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.74 and a quick ratio of 0.74.

Amadeus IT Group (OTCMKTS:AMADY) last posted its earnings results on Thursday, July 30th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. Amadeus IT Group had a return on equity of 29.84% and a net margin of 19.86%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.89 billion. As a group, analysts expect that Amadeus IT Group will post 3.87 earnings per share for the current year.

About Amadeus IT Group

Amadeus IT Group SA is a Spain-based travel technology company that provides software, data, and transaction-processing solutions for the global travel industry. Its services support airlines, travel agencies, hotels, airports, rail operators, tour operators, and other travel businesses throughout the booking and travel lifecycle.

The company operates the Amadeus Global Distribution System, which connects travel providers with travel agencies and other sellers, enabling the search, comparison, and booking of travel products.